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Enron Mail |
I just talked to Cynthia Sandherr about this and she was partly up to speed.
They have been fighting with the CFTC to keep it from extending its jurisdiction to Enron Online and to all the financial products Enron sells. We apparently have a bill pending to lock the CFTC in and keep it from going after energy-related financial products. Cynthia was not aware of any potential collaboration between CFTC and FERC designed to push FERC into the role of regulator of these markets (with CFTC pulling the strings behind the scenes). Cynthia was cranky about this possibility and will follow up. DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/24/2000 09:51 AM --------------------------- Drew Fossum 07/23/2000 10:23 PM To: Mary Kay Miller/ET&S/Enron cc: Bill Cordes, Shelley Corman Subject: Re: Larcamp Visit Today He's not a nazi, he's a commie. Actually he's a democrat but such subtle distinctions escape me. What MKM is talking about is a conversation I had in DC with a buddy of mine who is a commissioner on the Commodity Futures Trading Commission. He said there is a move afoot to expand regulation of financial products like weather hedges, spark spread swaps and similar industry specific instruments that his agency has not regulated in the past. (they just regulate the commodity exchanges like the NYMEX, Chicago Board of Trade, etc.) He also made it sound like Enron Online had made his staff people more nervous about the lack of regulation over those kinds of products. The current strategy, he explained, was to solve the problem of the CFTC's arguable lack of jurisdiction over such products by getting the agencies with jurisdiction over the industry to which such products were being sold (i.e., the FERC as to energy products) to regulate the stuff based on the CFTC's guidance. I assume that Kean's group is on top of this, but I haven't had the chance to check yet. I talked to a guy in the DC office about 6 months about CFTC issues and will follow up with him on Monday and be sure they are aware of this leftist plot. I can't remember his name just now, but he works for Cynthia Sandherr, I think. I'll let you know what is going on after I talk to those folks. DF From: Mary Kay Miller 07/21/2000 05:28 PM To: Bill Cordes/ET&S/Enron@ENRON cc: Drew Fossum Subject: Re: Larcamp Visit Today Talk to Drew, he might have an idea-- from his nazi friend. MK From: Bill Cordes 07/19/2000 07:45 AM To: Shelley Corman/ET&S/Enron@ENRON cc: Stanley Horton/Corp/Enron@Enron, Rockford Meyer/FGT/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, rkilmer@enron.com, Ray Neppl/NPNG/Enron@ENRON, Teb Lokey/FGT/Enron@ENRON, Bambi Heckerman/NPNG/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, jplace@enron.com, Maria Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Frazier King/FGT/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Steve Hotte/Corp/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Julia White/ET&S/Enron@ENRON, James D Steffes/HOU/EES@EES, Christi L Nicolay/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, dfulton@enron.com Subject: Re: Larcamp Visit Today Dan also made a comment when we were chatting that the trading floor and EOL tour was "discouraging in a way" because they were not yet prepared to regulate such activities. I thought it was kind of frightening that he feels they need to regulate such a free market, although it was not clear exactly what he meant and I was not able to pursue it with him. Bill Shelley Corman 07/18/2000 11:56 PM To: Stanley Horton/Corp/Enron@Enron, Bill Cordes/ET&S/Enron@ENRON, Rockford Meyer/FGT/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, rkilmer@enron.com, Ray Neppl/NPNG/Enron@ENRON, Teb Lokey/FGT/Enron@ENRON, Bambi Heckerman/NPNG/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, jplace@enron.com, Maria Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Frazier King/FGT/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Steve Hotte/Corp/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Julia White/ET&S/Enron@ENRON cc: James D Steffes/HOU/EES@EES, Christi L Nicolay/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, dfulton@enron.com Subject: Larcamp Visit Today
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